Illustration

Budapesti Ingatlan Nyrt. (Budapest Real Estate Plc, SZIT/REIT[1], hereinafter referred to as BIF Plc) has been an important player on the Budapest real estate market for more than 25 years. BIF Plc [ASMU1] was among the first companies in Central and Eastern Europe to obtain the status of Real Estate Investment Trust (REIT). The Company has been listed in the Budapest Stock Exchange (BSE) since 1998, and its shares have been traded in the premium category of the market since October 2018. In the past two decades, BIF Plc. has achieved a fundamental position among the local real estate developers and today the Company owns and operates a significant asset portfolio, consisting of unique and strategically positioned buildings, focusing on its target market. The strategy of the Company is to develop, manage and operate its core real estate portfolio, while it explores the maximum business potential and maintains efficient and sustainable operations. The core asset portfolio is located in the central areas of Budapest, including several office and hotel buildings, many with historic significance. BIF Plc. aims continue expanding and strengthening its market position by acquiring new assets and leveraging the potential of its existing portfolio. A main strategic goal of the Company is to continue acquire and develop buildings with lasting value, to keep on servicing its tenants to their highest satisfaction, while maintaining the Shareholders’ business interest always a priority.

 

[1] BIF Plc. is registered, regulated and operates as a Real Estate Investment Trust (REIT) based on Act CII of year 2011., as of 31 december 2018 and as such is the first company under Hungarian Law to obtain this status.